Tiger Infrastructure Partners is to acquire a majority interest in Hudson Fiber Network. Further terms of the transaction were not disclosed. Established in 2002 and headquartered in Paramus, New Jersey, Hudson Fiber Network is a data transport provider for financial, carrier and enterprise clients.
Tiger Infrastructure Partners (“Tiger”) today announced the signing of a definitive agreement to acquire a majority interest in Hudson Fiber Network (“HFN” or the “Company”). The transaction is expected to close during the fourth quarter of 2014, following customary regulatory approval. Further terms of the transaction were not disclosed.
“We look forward to building a powerful synergistic partnership with Tiger, as we embark on this next chapter of growth”
Established in 2002 and headquartered in Paramus, New Jersey, Hudson Fiber Network is a premier data transport provider for financial, carrier and enterprise clients. The Company has rapidly evolved into a leading provider of purpose-built, flexible networking solutions utilizing high bandwidth fiber, wireless and hybrid solutions coupled with state-of-the-art technology. Management of HFN will retain a significant minority stake in the Company.
“We look forward to building a powerful synergistic partnership with Tiger, as we embark on this next chapter of growth,” said Brett Diamond, CEO of HFN. “The expertise and resources Tiger provides will fuel our network expansion and support and enhance our solutions delivery across our fast-growing customer base,” added Keith Muller, COO of HFN.
“We believe that HFN, with its talented senior leadership team, is poised for the next level of success,” said Emil Henry, managing partner of Tiger Infrastructure Partners. “We are delighted to join the HFN team as its new capital partner and we look forward to applying our resources to support HFN and its continued growth.”
Q Advisors LLC, a Denver and San Francisco boutique investment bank, acted as the exclusive financial advisor to Hudson Fiber Network in connection with this transaction. Additionally, Perkins Coie LLP and Lowenstein Sandler LLP served as legal advisors to Hudson Fiber Network and Tiger Infrastructure Partners respectively.
About Hudson Fiber Network
Hudson Fiber Network is the premier data transport provider, offering flexible, high bandwidth transport and purpose-built, private networking solutions for financial, carrier and enterprise clients. The Company’s unique fiber network connects points of presence in key colocation hubs throughout the U.S., Canada and Asia. The HFN suite of solutions helps clients increase network efficiency and lower overall networking expenditures.
Services include Gigabit Ethernet, optical wave solutions and IP connectivity (10MN through 100 Gig), and are delivered in and between key U.S. and global metropolitan markets. HFN was established in 2002 and is headquartered in Paramus, New Jersey. For more information, visit www.hudsonfiber.com.
About Tiger Infrastructure Partners
Tiger Infrastructure Partners is an independent private equity firm focused on investments in middle-market infrastructure assets and businesses in North America and Europe. Tiger Infrastructure targets investments in the power, renewable energy, natural resources infrastructure, waste management, water, transportation, communications, and related sectors. Tiger Management L.L.C. and members of the Ziff family are significant investors in Tiger Infrastructure.